Subject Project definition

Subject Project means any asset or series of related assets that make up a project in which one or more GSRP Restricted Parties, on the one hand, and one or more Restricted Third Parties, on the other hand, hold an interest, directly or indirectly, (including through joint equity ownership, profits interests or revenue shares); provided that the project was specifically known or described to the applicable Restricted Third Parties at the time they committed to invest in the project. Notwithstanding the foregoing, nothing in this Section 6.03(b) shall prohibit the GSRP Restricted Parties from acquiring, through a merger, equity purchase, asset purchase, business combination or similar transaction, a Person that will be engaged in Investment Management Activities if revenues from such Investment Management Activities constituted less than 20% of such acquired Person’s revenues for its most recently completed fiscal year and such Investment Management Activities business is sold, transferred or disposed of to a third party within 9 months of when a GSRP Restricted Party consummated the acquisition of such business. During the Non-Compete Period, the GSRP Parties agree that, as a condition of current and future employment by the GSRP Restricted Parties or its Affiliates, the persons listed in Section 6.03(b) of the GSRP Disclosure Letter shall agree in writing with the applicable GSRP Entity to comply with the terms of this clause (b) as if they were GSRP Restricted Parties and not to serve as an officer, director, employee or consultant of any Person engaged in Investment Management Activities (collectively, “Senior Employee Restrictions”) while such individuals are employed by a GSRP Restricted Party or any of its Affiliates. During the Non-Compete Period, the GSRP Parties also agree that the standard employee policies applicable to all of the employees of the GSRP Restricted Parties will prohibit such employees from engaging in any Senior Employee Restrictions. The GSRP Restricted Parties shall not permit any waivers to the restrictions in the agreements and policies referred to in the two immediately preceding sentences without the prior written consent of GSAM, and shall use reasonable best efforts to remedy any breach by any of the persons listed in Section 6.03(b) of the GSRP Disclosure Letter of which the GSRP Parties become aware. The GSRP Restricted Parties shall not be liable for any breach of the agreements or policies referred to in the first two sentences of thi...

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Subject Project means the construction and commissioning of the 225 MMcf/▇ ▇▇▇▇▇▇▇▇ Trail Cryogenic Gas Plant located in Grant County, Oklahoma as further described in that certain engineering and construction agreement dated June 13, 2017 between the Borrower and BCCK Engineering Incorporated filed as an exhibit to Linn Energy, Inc.’s quarterly report on Form 10-Q for the quarterly period ended June 30, 2017 filed with the SEC on August 3, 2017.

Subject Project has the meaning set forth in Section 2.1(a) .

Examples of Subject Project in a sentence

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original for all purposes, and all of which, when taken together shall constitute a single counterpart instrument.
The terms of the Leases, Mineral Rights or other Interests do NOT contain any remaining commitments or obligations of Seller to drill any ▇▇▇▇▇.
The Administrative Agent shall notify Borrower in writing not later than twenty (20) Business Days after it has requested such approval from the Lenders if the Required Lenders have approved the proposed New Subject Project.
If the Subject Project is the fourth Project to become an Approved Project hereunder (other than in connection with the substitution of a Substitute Project for an Approved Project in accordance with Section 3.11), the aggregate amount of (a) Incremental Commitments plus (b) at the election of Borrower in its sole discretion, Permitted Additional Equity, as of March 31, 2002 and as of the Credit Event Date, shall be at least $625,000,000.
Once Renewable identifies a Subject Project and starts pursuing the development of such Subject Project (or commences the development of a Subject Project identified by Global), Renewable shall track all of the third party costs and all of Renewable’s out-of-pocket expenses (the “Project Development Costs”) incurred in connection with pursuing, evaluating and developing the Subject Project until the development of the Subject Project is completed.
The Permits set forth on Part I of such Permit Schedule shall constitute in the Majority Banks' reasonable opinion all of the material Permits required or customarily obtained for the development, construction, ownership, leasing, use, operation and maintenance of the Subject Project as of the Credit Event Date.
The Subject Project shall be reasonably expected to achieve Completion on or prior to the EPC Date Certain therefor and the Available Construction Funds for the Subject Project and all other Approved Projects shall be reasonably expected to be sufficient to cause the Subject Project and all other Approved Projects to achieve Completion on or prior to the respective EPC Dates Certain therefor, in each case as certified by Borrower and confirmed in writing by the Independent Engineer.
Promptly following the execution of an Equity Commitment Letter for a Subject Project identified by Global, Global shall reimburse Renewable for all of the Project Development Costs that Renewable has incurred through the date of the Equity Commitment Letter.
PSP shall not bear any costs of PEGI’s acquisition from the Subject Project Interest Seller and PEGI shall not be responsible for any additional costs incurred by PSP as a result of PEGI acquiring the Subject Project Interest and selling the PSP Co-Invest Percentage to PSP including the costs of obtaining additional PSP Required Consents.
Prior to executing the Purchase Order for a Subject Project, the Parties shall negotiate, in good faith, a limited liability company agreement (the “LLCA”) for the Project Company based on the standard form of LLCA agreed to by the Parties, it being agreed that each Subject Project will have its own unique requirements that will have to be addressed in the LLCA for the applicable Project Company.

More Definitions of Subject Project

Subject Project means the P1 Project, the T4 Project, and, at all times after T5 FID but prior to a Permitted T5 Full Disposition, the T5 Project.

Subject Project means the construction and commissioning of the 225 MMcf/d Chisholm Trail Cryogenic Gas Plant located in Grant County, Oklahoma as further described in that certain engineering and construction agreement dated June 13, 2017 between the Borrower and BCCK Engineering Incorporated filed as an exhibit to Linn Energy, Inc.’s quarterly report on Form 10-Q for the quarterly period ended June 30, 2017 filed with the SEC on August 3, 2017.